DAOStack is an operating system/platform for the decentralized governance of large entities. The project provides a framework for DAOs (Decentralized Autonomous Organizations). It has been described as the WordPress for DAOs for or the toolkit for exponential organizations.
DAOs are an alternative to traditional top-down organizations. Instead of centralized leadership and a few points of potential failure, a DAO utilizes blockchain technology and smart contracts to create a self-governing entity.
DAOStack is a project which aims to help the self-management of DAOs.
TOKEN SALE / ICO
Token Supply: 60,000,000 with additional 40,000,000 that the Genesis DAO has the option of minting over the course of it’s lifetime.
Tokens for Sale: 40,000,000
Hard Cap: $30 million
Platform: GEN are ERC-20 tokens
Presale: May 1 (10% Bonus)
Token Sale: May 8 – June 8
Private Presale : Advance purchases of at least $100K in ETH equivalent, via SAFT
*U.S. residents are not allowed to participate
Genesis DAO (first DAO built with DAOStack): 40%
DAO Stack (Current – team, contributors, advisors): 10% (locked for 2 years from date of main sale)
DAO Stack (Future – reserve for future contributors): 10%
Arc: Library of smart contracts (written in Solidity) that represents the base layer of the stack
Alchemy: First user interface being built on Arc. Alchemy will allow a user to create a DAO and also actively participate in the DAO (e.g. create/vote on proposals).
The ArcHives: Shared registries that aid in the interoperability of DAOs and apps using Arc and Arc.js.
GEN is the “attention token” of DAOStack. Token utility includes submitting proposals and placing a stake (not vote) in favor of or against proposals.
Contributors to DAOStack will also be rewarded with GEN tokens.
February 2018: Sponsorship and keynote by Matan Field (CEO) at ETHDenver
March 2018: Participation in EthCC (Ethereum Community Conference)
March 2018: Participation in TokenFest SF
March 2018: Launch of Alchemy
We spoke with Erik Rodrigues (Community Management & Research) from the DAOStack team via Telegram to receive answers to our questions.
Can you provide an example use case for DAOStack? Are there any particular industries or types of DAOs that you believe would most benefit from DAOStack?
In the broadest sense, DAOstack is useful any time there is a need to coordinate a large group of people to make decisions collectively. So, by thinking about a few different types of decisions a group might need to make, we can imagine several categories of use cases.
1. Collaboration to Produce an Outcome (“Work”)
In cases in which the goal is to develop or deliver products and services — roughly speaking, a decentralized “company” — the decisions that need to be made often concern how to value individual contributions, and how to budget for projects and other purchases. Which projects should be funded? How much should James be paid for that article, or Sally for that software upgrade? What will be the process for verifying and evaluating work? Should the organization invest in this or that office space, legal support, or PR firm?
Examples include the following:
A film project of 1,000 artists
An open-source software project of 10,000 developers
A climate initiative of 50,000 scientists
A collaborative news network of 100,000 journalists
Soon these kinds of organizations will be able to use Alchemy to collectively distribute token and reputation, find collaborators, and offer bounties to professionals. Or they could build a custom Dapp on the stack if that would better suit their needs.
2. Asset Management
These types of collectives make decisions primarily about the management of assets and the allocation of funds. Should we invest in this company, or that property? Should we pay out this claim? Should we sell that asset?
Examples include decentralized versions of the following:
Real estate investment collectives
Curation networks leverage the wisdom of the crowd to rank the subjective quality of objects. What content should be featured in the feed, or the newsletter? How trustworthy is this company? How good is the food at that diner?
Examples include decentralized versions of the following:
Restaurant or hotel guides, similar to Yelp or TripAdvisor
Article or video feeds, akin to social news feeds or Reddit
Website listings, like a socially curated Google search
4. All of the Above
In practice, many DAOs will include decision-making in more than one category. An open-source software project, in addition to rewarding its contributors (case 1), might collectively curate which code will be included in each release, or featured in its newsletter (3). Conversely, a social network, in addition to curating content (3), has a business to run and must pay its developers, marketers, legal personnel, and so on (1). And either organization might want to invest the proceeds from its activities into other ventures (2).
Can you discuss the main use cases of the GEN token?
GEN serves as the attention token within the DAOstack ecosystem. With GEN, you cannot buy voting power, nor can you vote with it, but you can place a stake for or against a proposal that influences whether or not it rises into the collective attention of the voters, the reputation-holders. If you stake for proposals that the reputation-holders then pass, you’re rewarded with more GEN. If you stake for a proposal that then fails, you lose your GEN. And vice versa if you stake against proposals.
GEN will likely have other utility on the platform too, related to The Archives, for example. Also, GEN will be the primary currency for the buildout of the DAOstack ecosystem itself, with contributors to the platform rewarded in GEN, and even investments into projects that are built on the stack tendered in GEN — according to the collective will of the Genesis DAO.
How do you envision on DAOstack growing and getting companies to utilize it?
The platform is designed to underpin an entire ecosystem of decentralized organizations — a community of interoperable DAOs, able to share talent, ideas, and learnings with one another. DAOs will even be able to act as members of other DAOs, creating a fluid “DAO mesh” or “internet of work” in which collectives of collectives are commonplace, and in which any given individual might participate in dozens of different collectives.
Large corporations would implement the DAOstack’s scalable decision-making features to reduce the cost of management.
Any estimate as to when you’ll release a roadmap?
The company has 13 employees and is based out of Ramat Yishai, Israel according to Linkedin.
Matan Field – CEO & Architect (Co-founder of Backfeed, Co-founder of La’Zooz – LinkedIn)
Adam Levi – CTO/ Technology (LinkedIn)
Nathalia Scherer – Community & Business Development (LinkedIn)
Oren Sokolowsky – Lead Developer (Co-founder La’Zooz – LinkedIn)
Eric Rodrigues – Community Mgmt & Research
Daniel Schmachtenberger – Co-founder, Neurohacker Collective (LinkedIn)
Jordan Greenhall – Co-founder, ex-CEO of Divx. Former SVP at MP3.com (LinkedIn)
Yoni Assia – Founder, CEO of eToro.com (LinkedIn)
Martin Köppelmann – Co-founder, CEO of Gnosis (LinkedIn)
The following companies are listed as partners on DAOStack’s website. At the time this profile was published, most of the partnerships have not formally been announced aside from the Sapien – DAOStack partnership. Sapien states it plans to power their community consensus system and also to build their Democratized Autonomous Platform (DAP).
ICO Bench: 3.9 out of 5
Crypto Nomi: 8 out of 10
Sam Ong: 83%
Diddy Carter: A-
Decentralised Chain: “As a product I’ve given it a 4. The actual framework is backed by years of R&D. It’s open source which always helpful as it helps it stay relevant as more developers come on board”
OhHeyMatty: 97% “I think this project is downright amazing. I look forward to seeing what they have.” (Note: He states he did consulting work for TheGobOne during the video review for this project.)
*Note: Information on the token supply was provided by an admin in the DAOStack telegram group